Paramount+ adds 4.1 million subscribers in 1Q 2023

Thursday, May 4th, 2023 
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Paramount+ Reached New Milestone of 60M Subscribers; Added 4.1M in the Quarter, and Grew Revenue 65% Year-Over-Year

  • Pluto TV Hit 80M Monthly Active Users (MAUs) and is the #1 Free Ad-Supported Streaming Television (FAST) Service Globally
  • Total Direct-to-Consumer (DTC) Revenue Grew 39% Year-Over-Year to An Annual Run Rate of More Than $6B
  • Total Global Viewing Hours Across Paramount+ and Pluto TV Increased Over 50% Year-Over-Year and Over 20% Sequentially
  • DTC Advertising Revenue Grew 15% Year-Over-Year

NEW YORK — Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the first quarter ended March 31, 2023.

Direct-To-Consumer

Q1 Highlights

  • Paramount+ reached 60M total subscribers with the addition of 4.1M subscribers in the quarter.
    • Global subscriber growth was driven by a strong content slate including top originals like 1923, Tulsa King and the returns of Mayor of Kingstown and Star Trek: Picard, hit film franchises in Top Gun: Maverick and Teen Wolf: The Movie, as well as the NFL Playoffs.
    • According to Antenna, Paramount+ is the #1 premium streaming service in U.S. sign-ups in the quarter and since launch in March 2021.
    • Paramount+ with SHOWTIME bundle also benefited from strong SHOWTIME content slate including Your Honor and Yellowjackets.
  • Pluto TV is the #1 FAST service globally; increased total global viewing hours 35% year-over-year.
    • MAUs grew to 80M.
More: Results release

Links: Paramount Global